Saturday, 20 December 2014
Last updated 20 hours ago
Oct 23 2009 | 3:17am ET
Accused insider-trader Raj Rajaratnam was back in federal court yesterday, signing the paperwork for his record $100 million bail.
The Galleon Group founder, who faces 11 charges of conspiracy and securities fraud in an alleged $20 million insider-trading scam, secured the bond with his Manhattan apartment, in a tony Sutton Place development. Rajaratnam, who was freed on Saturday after a night in jail, had until today to offer a $20 million guarantee on his bond.
Rajaratnam’s five co-defendants in the case, who include a pair of former Bear Stearns hedge fund veterans, have also posted bail.
Rajaratnam was arrested last Friday, accused of being part of an insider-trading circle. Since then, Galleon, which has more than $3 billion in assets under management, has announced plans to liquidate its hedge funds.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.